Importance of Pharmacovigilance

Pharmacovigilance also known as drug safety is a broad term that describes the collection, analysis, monitoring and prevention of adverse effects in drugs and therapies. It is a completely scientific and process-driven area within pharma.

• Drugs appear to be safe and well-tolerated in the laboratory, but their safety in the real world is unknown.
• Vulnerable groups' safety is unclear.
• Rumors and falsehoods have caused significant harm to a few patients.
• Evidence is provided via pharmacovigilance.
• Produce evidence that will inspire public trust and confidence.
• It is extremely advised to use pharmacovigilance systems.

Major Aims of Pharmacovigilance:

• Unknown safety issues are detected early.
• Increases in frequency are detected.
• Risk factors must be identified.
• Calculating the dangers
• Keeping patients from being unduly harmed

Role of Pharma Company Globally:

• Investment in novel compound R&D
• Commitment to bringing a new drug to market in order to improve the health and quality of life of patients
• Clinical trials and product development activities are subject to strict governance.
• Follow ethical and legal guidelines while dealing with patients and healthcare providers.

The science and actions of pharmacology linked to the detection, assessment, comprehension, and prevention of adverse effects or any other drug-related problem. In many respects, drug safety keeps a pharmaceutical company's wheels turning. Because of the nature of drug safety, it is a very cross-functional endeavour. As a result, the division's effect and value to other elements of the business is enormous.